Dow Jones Surges for 10 Consecutive Sessions

Pipscollector.com - The US stock market showed mixed movements on Friday (July 21) as investors assessed the latest corporate earnings reports. Notably, the Dow Jones extended its upward trend for the 10th consecutive session.

At the close of trading on Friday, the Dow Jones index inched up 0.01% to 35,227.69 points, and the S&P 500 advanced 0.03% to 4,536.34 points. Meanwhile, the Nasdaq Composite lost 0.22% to settle at 14,032.81 points.

The Dow Jones extended its winning streak to the 10th consecutive session. This marks an unprecedented upward trend since August 2017.

During the past week, the S&P 500 gained 0.69%, and the Dow Jones rose by 2.08%. This also represents the second consecutive week of gains for both indices. However, the Nasdaq Composite declined by 0.57% for the week.

Investors are closely focusing on the corporate earnings season. Shares of CSX dropped 3.7% following disappointing earnings results, while American Express stocks fell nearly 3.9%.

So far, the corporate earnings results have been relatively mixed. According to data from FactSet, 75% of S&P 500 companies have reported earnings that surpassed expectations. However, this figure is lower than the 80% average over the past three years, as reported by The Earnings Scout.

- Pipscollector -